In most markets throughout the nation, it’s a seller’s market, meaning there is more demand from homebuyers than supply. In popular markets, finding a home can feel impossible.
Have you been thinking about buying a house, and haven’t been able to find the one you like, keep getting overbid, and aren’t able to find any home builders with move-in-ready homes or homes that could be ready soon? If that sounds like your situation, you might want to consider making improvements to your current home.
There’s no better time than the present to start reimagining your home – and there are countless ways to do it! Whether you’re looking to add some new features, update an outdated design, or simply make it more comfortable and functional, these home improvement projects are perfect for you.
We’ve put together a comprehensive list of 12 projects you can start right now. So let’s get started!
1. Update Your Siding
Is your home siding in need of an update? Perhaps your siding is tired, peeling, or just plain outdated. Replacing the siding on your home is a big project that can take many hours and require some advanced skills, but it’s worth it to get a new look for your house. Not only that, but new siding is often energy-efficient, so you’ll be saving money on your energy bills too. With all the chic new materials on the market, updating your siding is a great way to update your home without spending a fortune.
2. Add a New Roof
Adding a new roof to your home can be an exciting and cost-effective way to improve the overall look and function of your home. A new roof is a great investment that will provide years of protection against the elements, while also adding value to your property.
3. Upgrade Your Doors
Doors play a big role in your home’s aesthetic and function. When it comes to doors, upgrading can include anything from adding style and functionality with new handles and hardware, to upgrading the insulation and weather protection. Here are two upgrades you can make to your doors quickly:
- Change the Handle & Hardware: Adding new handles and hardware is a simple way to add a touch of style and function to any door. You can choose from classic designs like knobs or levers, or opt for more contemporary styles like fingerprint readers or magnetic locks. Additionally, consider changing the handle material – wood might be traditional but newer materials like aluminum or stainless steel look sleek and modern.
- Upgrade the Door Seal: One of the most important aspects of weather protection for your doors is the seal around the edge of the door. This seal needs to be tight in order to keep moisture out while also preventing drafts that can cause cold spots in your home.
4. Renovate Your Bathroom
One of the most important rooms in your home is your bathroom. Not only is it where you take care of your hygiene, but it’s also a room where you relax and get ready for the day. If your bathroom isn’t up to par, there are plenty of home improvement projects you can undertake to give it a facelift.
One popular renovation project is to renovate your bathroom tiles. Not only do new tiles look great, but they also make a big difference in terms of comfort and hygiene. Plus, if you have an old tile floor, replacing them with new tiles will make the room look brand new again.
If you’re not interested in changing out all the tiles in your bathroom, there are other options available as well. You could update the shower curtain or tub surround, add some new sink hardware or tile backsplashes, or even update the lighting fixtures. Whatever changes you make to your bathroom, be sure they reflect your personal style and preferences. Check out sites like Houzz for great bathroom renovation ideas.
5. Update Your Lighting
When you’re ready to brighten up your home and make it look its best, consider updating your lighting. Not only will you be adding a touch of luxury, but you’ll also be saving money on your energy bill. Adding new light fixtures is a great way to update your home without spending a fortune. We have taken the time to list three ways that updating your lighting can help conserve energy and keep more money in your pocket.
- Replace old light bulbs with CFL or LED lights. Not only do these bulbs use less energy, but they also last much longer than traditional light bulbs. If you have a lot of old incandescent bulbs that need to be replaced, consider purchasing an all-in-one lightbulb kit that includes both CFL and LED options.
- Install motion sensors in all of the lamps in your living room and hallways so that they turn off automatically when no one is nearby. This will help conserve energy and keep your home from becoming too dark at night.
- Change out the ceiling fans in your bedroom and living room for more efficient models that use less electricity to operate. Not only will this save you money on your monthly electric bill, but it will also help reduce the amount of air conditioning required in these rooms during summer
6. Update Your Flooring
If your flooring is starting to look a little tired, it’s time to replace it. Not only will a new flooring project add years of life to your home, but it’s also a great way to avoid costly repairs in the future. Here are some home improvement projects that could give your flooring an update:
- Install new flooring in a large room or hallway. A bold, colorful floor can add life to a drab room and make it feel more spacious.
- Update the décor of a small room by replacing the worn carpet with hardwood or tile floors.
- Update old linoleum or vinyl floors by replacing them with newer, more durable materials like wooden boards or tiles that are easier to keep clean and look nicer over time. Choose materials that will blend well with the existing decor in your home so that the update is subtle rather than drastic.
7. Add a Porch or Deck
Adding a porch or deck to your home can create a comfortable connection to the outdoors, and increase the value of your home. When choosing a porch or deck project, keep in mind your needs and wants for the space. Do you want a summertime porch with rocking chairs and a hammock? Or would you prefer an enclosed space for year-round entertaining? Deciding what type of porch or deck to build is just one part of the process – designing and installing it is another. Here are some tips for designing and installing your new porch or deck:
- Start by sketching out your idea on paper. This will help you visualize the space and get an idea of how much material you’ll need.
- Once you have an idea of how much money you’ll be spending, start looking at online retailers for affordable options. You can find everything from rustic wood decks to high-end synthetic decks at various price points.
- Get estimates from local contractors. Make sure to ask about materials, installation time, and other fees associated with the project.
- Once you have chosen your deck or porch get in touch with your chosen contractor to get started on the project.
8. Update Your Windows
Windows are one of the most important elements of your home. They let light and air into your home and provide protection from the elements. Over time, windows may start to show their age. They may not be as transparent or strong as they once were. New windows let in more light and air, which can improve your home’s energy efficiency and comfort. If you’re interested in updating your windows, there are a few things to keep in mind:
- Make sure that the window size is compatible with the existing frame.
- Decide whether you want new double or single pane glass. Single pane glass is less expensive but it can sometimes be more difficult to clean. Double pane glass provides both privacy and security but it can be more expensive upfront.
- Consider what type of window treatment will best suit your needs: awnings for cooling in hot weather, draperies for privacy, or blinds for blocking out sunlight during the day. With a little research and planning, updating your windows is an easy way to improve the look and function of
9. Update Your Appliances
There’s no need to be afraid of updating your appliances. In fact, it can make your home more comfortable and energy-efficient. Replacing old appliances is a way to update your home without spending a fortune. Look for models that are Energy Star certified and have features such as high efficiency motors, automatic shutoffs, and cool touch surfaces.
10. Fix Up Your Yard
Seasonal changes can be beautiful, but they also can be challenging when it comes to keeping your home looking its best. One solution is to fix up your yard! By adding some fresh flowers, a decorative garden, and new plants, you can make your home look its best all year round.
11. Add a New Fence
If you’re in need of a fresh new fence, now is the time to do it. Adding a new fence to your home can provide security and privacy for all of your family. A well-crafted fence can also add value to your property, and may even increase the resale value of your home. If you are considering adding a new fence to your home, be sure to consult with an experienced contractor. There are many options available, and the right fencing for your property can make a big difference in its overall appearance and safety.
12. Renovate Your Kitchen
One of the most popular home improvement projects is renovating your kitchen. Not only will it make your home look nicer, but you’ll also be able to cook better and more efficiently. Here are some tips on renovating your kitchen:
- Start by assessing your current kitchen layout and think about how you can make the most of the space. Do you have a lot of counter space or does everything have to go on one side? Can you move any cabinets or appliances to free up more space?
- Think about what type of hardware and fixtures you want in your new kitchen. Do you want stainless steel appliances or something more traditional? Do you need a new range hood or dishwasher? Consider what will work best for your style and budget.
- Once you have an idea of what kind of kitchen you want, start shopping for fixtures and hardware. Be sure to factor in price, style, and how much storage space each piece will take up.
Need inspiration? HGTV listed over 35 kitchen design ideas from top designers.
Frequently Asked Questions
What is the best time of year to do home improvement projects?
Spring and summer are the best seasons to do home improvement projects because people are more motivated and ready to take on new challenges.
What are the steps for doing any of the projects on this list?
Here are the steps for each project:
1. Decide what you want to do
There is no right or wrong answer when it comes to home improvement projects. If you want to spruce up your home a bit, go for it! But be aware that not every project is going to be a good fit for every homeowner. Before you start any project, make sure you know what you want and what the potential benefits might be.
2. Figure out how much money you’ll need
The cost of the project you want to complete is often a large factor in your decision process. You’ll need to decide how much money you’ll be willing to spend. Depending on the size and scope of the project, you may need anywhere from a few hundred dollars to several thousand. You will need to figure out what needs improvement in your home. This could be anything from windows and doors that are sticking or rusty, to outdated electrical systems, damaged floors, or walls that are in need of a fresh coat of paint. Finally, it’s important to remember that not all home improvement projects are created equal. Some may require more time and effort than others, so it’s important to choose one that will fit within your budget and timeframe constraints.
3. Figure out where you’ll need to go to get the materials
There are many materials that you will need to complete any home improvement project. Consider checking with your local hardware store to see if they carry any of the materials that you will need. Alternatively, online retailers often carry a wider variety of materials and can save you money. A quick online search will often give you good information on where to get the materials you need on your project and how much those materials will cost.
4. Start planning and/or doing the work!
Are you feeling overwhelmed by the prospect of doing home improvement projects? Fear not! There are plenty of ways to get started and make these projects manageable. Before starting any work, it’s important to have a plan. This includes knowing what needs to be done, estimating the cost, and making sure you have all the necessary supplies.
Once you have a plan, it’s time to get started. It can be helpful to break down the project into smaller segments so that you can tackle one section at a time. When everything is finished, give yourself a pat on the back – you’ve achieved something great!
Where can I get funding for home improvement projects?
Finding the right funding for your home improvement projects can be a daunting task. There are a variety of sources available, but some may require pre-approval or a lengthy application process. Here are a few to get started:
- Local banks – Many banks offer mortgage and loan products specifically designed for home improvement projects. Some may even offer financing options as low as 3% interest rate and no pre-payment penalty.
- Credit unions – Credit unions are often considered the “people’s bank,” and they’re known for their low-interest rates and lending guidelines that focus on member needs.
- Government programs – Many local, state, and federal government programs offer financing options for home improvement projects, including affordable housing initiatives, disaster relief funds, and energy efficiency grants.
- Private lenders – Many private lenders also offer financing options for home improvement projects, but they may have higher interest rates and more restrictive lending guidelines than banks or credit unions. Be sure to ask about specific lending requirements before applying for funding.
Are Home Improvement Projects Tax Deductible?
If you are considering home improvement projects to spruce up your home, there is one thing you may not have considered: whether or not these projects are tax-deductible. While some home improvement projects may be deductible, others may not.
According to the IRS in publication 523, repairs cannot be written off, but some improvements can be written on taxes. However, some home project write-offs can only be deducted during the year when the home is sold. The IRS defines improvements as, “Improvements add to the value of your home, prolong its useful life, or adapt it to new uses. You add the cost of additions and improvements to the basis of your property.”
Before starting any project, consult with a tax advisor to see if the cost of your project is deductible.
With this information, you should be more prepared and hopefully motivated to start tackling some home improvement projects. Don’t wait – start your project today!